NCUA has released its agenda for the agency’s Thursday board meeting. During the meeting, the board will receive and review a quarterly report on the Temporary Corporate Stabilization Fund.
The board will also review proposals dealing with credit union mergers, agency appeals procedures and the Supervisory Review Committee.
NCUA’s Supervisory Review Committee is an independent, intra-agency appellate body established to review material supervisory determinations. The committee reviews matters dealing with
- composite CAMEL ratings of 3, 4, and 5, and all component ratings of those composite ratings;
- adequacy of loan loss reserve provisions;
- loan classifications on loans that are significant as determined by the appealing credit union; and
- denials of technical assistance grants.
The open portion of the meeting is scheduled to begin at 10 a.m., and it will be followed by a closed meeting. The open portion will be streamed live on NCUA’s website.